Parr Mcknight Wealth Management Group LLC Sells 1,443 Shares of SAP SE (NYSE:SAP)

Parr Mcknight Wealth Management Group LLC reduced its position in SAP SE (NYSE:SAP - Free Report) by 9.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 13,707 shares of the software maker's stock after selling 1,443 shares during the period. Parr Mcknight Wealth Management Group LLC's holdings in SAP were worth $3,679,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAP. Bartlett & CO. Wealth Management LLC increased its stake in shares of SAP by 585.7% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 96 shares of the software maker's stock valued at $26,000 after buying an additional 82 shares during the period. Rakuten Securities Inc. increased its stake in shares of SAP by 2,700.0% in the 4th quarter. Rakuten Securities Inc. now owns 112 shares of the software maker's stock valued at $28,000 after buying an additional 108 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of SAP by 153.5% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 109 shares of the software maker's stock valued at $29,000 after buying an additional 66 shares during the period. Founders Capital Management increased its stake in shares of SAP by 133.9% in the 1st quarter. Founders Capital Management now owns 131 shares of the software maker's stock valued at $35,000 after buying an additional 75 shares during the period. Finally, Highline Wealth Partners LLC increased its stake in shares of SAP by 126.2% in the 1st quarter. Highline Wealth Partners LLC now owns 138 shares of the software maker's stock valued at $37,000 after buying an additional 77 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wall Street Zen raised SAP from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Wells Fargo & Company initiated coverage on SAP in a research note on Tuesday, May 20th. They set an "overweight" rating for the company. Piper Sandler initiated coverage on SAP in a research note on Tuesday, June 17th. They set an "overweight" rating for the company. Jefferies Financial Group reaffirmed a "buy" rating on shares of SAP in a research note on Friday, May 2nd. Finally, UBS Group raised SAP to a "strong-buy" rating in a research note on Friday, May 30th. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $271.83.

SAP Trading Down 1.2%

SAP stock traded down $3.60 during midday trading on Friday, hitting $302.61. 494,414 shares of the company's stock were exchanged, compared to its average volume of 1,089,150. The stock's fifty day moving average price is $299.09 and its 200-day moving average price is $278.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $371.76 billion, a PE ratio of 57.99, a price-to-earnings-growth ratio of 4.43 and a beta of 1.30. SAP SE has a one year low of $194.93 and a one year high of $313.28.

SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The software maker reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.12. The firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $9.08 billion. SAP had a return on equity of 13.66% and a net margin of 16.33%. Research analysts predict that SAP SE will post 6.55 earnings per share for the current fiscal year.

SAP Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.